Goodwill at Smithridge Center
Retail / Posted 12 months ago by Rob Ippolito, Newmark Knight Frank / 311 views
- Price : $10,500,000
- Cap Rate : 5.33%
- Net Operating Income : $559,156
- Tenant : Goodwill
- Lease Type : Single Tenant Net Lease
- Lease Term Remaining (Years) : 15
- Building Size (SF) : 43,012
- Land Area (SF) : 161,412
- Land Area (Acres) : 3.7055
- Year Built : 1984
Highlights
- Open & Paying Rent
- Brand New Flagship Location
- 15 Year Lease
- Net Lease Structure
- Rental Escalations
- Brand New Roof & HVAC
- Income Tax Free State
Newmark Knight Frank (NKF) Retail Capital Markets is pleased to present the opportunity to purchase a brand new, 15-year net-leased Goodwill in Reno, Nevada. The offering includes the freestanding 43,012 square foot, completely renovated Goodwill facility now anchoring Smithridge Center, a 117,396 square foot neighborhood shopping center strategically positioned at the northeast corner of the single most trafficked intersection (±45,400 AADT) in the entire submarket – McCarran Boulevard and Virginia Street.
This single tenant Goodwill facility within Smithridge Center offers a reliable, long-term income stream from a national brand tenant in the primary arterial of an explosive Reno market. NKF invites you to review the content of this Offering Memorandum for a detailed description of all that this investment opportunity offers.